United States 116th Congress Status: In Committee 1 D cosponsors

S 460 — Employer Participation in Repayment Act of 2019

Last action — Read twice and referred to the Committee on Finance.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Employer Participation in Repayment Act of 2019 This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.

Bill Text

How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill extends the exclusion for employer-provided education assistance to include employer payments of student loans.

  • 26 U.S.C. 127(c)

    and → and

    The bill adds a new provision for employer payments of qualified education loans, altering the existing text to allow for this exclusion.

  • 26 U.S.C. 127(c)

    subparagraph (B) → subparagraph (C)

    The bill redesignates the existing subparagraph to accommodate the new provision for payments of student loans.

  • 26 U.S.C. 127(c)

    (B) the payment by an employer, whether paid to the employee or to a lender, of principal or interest on any qualified education loan (as defined in section 221(d)(1)) incurred by the employee, and

    The bill introduces a new exclusion specifically for employer payments towards employee student loans.

  • 26 U.S.C. 221(e)

    , or for which an exclusion is allowable under section 127 to the taxpayer's employer by reason of the payment by such employer of any indebtedness on a qualified education loan of the taxpayer

    The bill prevents taxpayers from claiming deductions for student loan interest if the interest is excluded under the new employer payment provision.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation labor
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Frequently asked questions

What does S 460 do?
Employer Participation in Repayment Act of 2019 This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.
Who sponsors S 460?
S 460 is sponsored by Warner, Mark R. (Democratic).
What is the current status of S 460?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 460?
Track S 460 free on One Click Politics — get push/email alerts when it moves.

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